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Friday, October 18, 2024

BUSINESS

Korea is all hands on deck for AI chip race

  The government will invest 826.2 billion won ($632 million) to shape an AI ecosystem in Korea by 2030 with indigenous high-end AI chips. A pre-launch...

Only some local chipmakers will qualify for U.S. subsidies

Only a few Korean chipmakers will be able to receive subsidies for chip materials and equipment facilities, according to the Ministry of Trade, Industry...

Korea, Vietnam to further cooperate on supply of key minerals

Korea and Vietnam agreed to cooperate more closely in commerce, technology, and the mineral supply chain, forging more than 100 preliminary business agreements Friday...

U.S. government to loan $9.2 billion to BlueOval SK for battery factories

BlueOval SK, a joint battery venture between SK On and Ford Motor, will receive a $9.2 billion loan from the U.S. government for their...

Business leaders accompanying President Yoon to Vietnam seek new opportunities

Business leaders who joined President Yoon Suk Yeol's 205-member delegation to Vietnam are seeking out new business opportunities while inspecting existing ones in the...

Korea posts record current account deficit with China in 2022

Korea posted a record current account deficit with China in 2022 on a plunge in chip exports, and a record surplus with the United...

Korean airlines begin suspending routes to China

Korean airlines started suspending their routes to China on Tuesday amid escalating tensions between Korea and China. Korean Air, the largest flag carrier in Korea, announced...

European high-tech entities to invest nearly $1B in Korea

PARIS — Korea has drawn 1.2 trillion won ($940 million) worth of investment from six European high-tech companies in fields ranging from secondary battery...

Interpark changes name, aims to draw 50M inbound tourists

Interpark, an e-commerce company, changed its name to "InterparkTriple," and reoriented its business focus towards inbound tourism sales. The concert and travel ticket provider, which...

Korea to get tough on industrial espionage from China

Korea is set to toughen criminal punishments on technology theft following a series of highly publicized data leaks, often involving Chinese businesses and employees...